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Tuesday, June 24, 2014

Business Today: Futures point to flat open, consumer data awaited

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06/24/2014
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Futures point to flat open, consumer data awaited
NEW YORK (Reuters) - U.S. stock index futures pointed to a flat open on Tuesday, suggesting investors continued to search for direction following a sharp rally that took indexes to records last week.
Walgreen posts disappointing profit, withdraws 2016 forecast
(Reuters) - Walgreen Co , the largest U.S. drug retailer, reported a lower-than-expected quarterly profit and said it was withdrawing its forecast for 2016 as it moves toward the complete acquisition of Alliance Boots Holdings Ltd [ABN.UL].
Exclusive: Iran seeks to resolve HSBC freeze on some trade financing - sources
LONDON/ANKARA (Reuters) - Iran is lobbying to get HSBC to process humanitarian trade transactions that Europe's biggest bank has frozen because of concerns about potential breaches of international sanctions, sources familiar with the trades told Reuters.
Arrow or Dart? Japan's Abe unveils latest reform plan
TOKYO (Reuters) - Prime Minister Shinzo Abe unveiled a package of measures on Tuesday aimed at boosting Japan's long-term economic growth, from phased-in corporate tax cuts to a bigger role for women and foreign workers, but applause from investors is likely to be muted after Tokyo backpedalled on bolder reforms.
A flexible yuan can help China cope with bigger capital flows: central bank
BEIJING (Reuters) - China needs to make the yuan more flexible to cope with possible rises in capital flows, a senior researcher at the People's Bank of China (PBOC) said on Tuesday.
S&P's Kraemer: euro zone has much to do to cut debt, boost growth
LONDON (Reuters) - Euro zone countries still have much work to do to cut debt and boost growth and their credit ratings are unlikely to rise until they get their economies into better shape, a senior Standard & Poor's official said on Tuesday.
Vincent Bollore hints at his vision for Vivendi
PARIS (Reuters) - Vincent Bollore, the largest shareholder of Vivendi and its new chairman, said the company would face major challenges and powerful competitors as it seeks to become an integrated media group.
Exclusive: EU to consider tax on financial industry to fund supervision
LONDON (Reuters) - The European Union's markets, banking and insurance watchdogs could be funded from a direct levy on the sector, the bloc's executive body said in a document seen by Reuters.
Delta Air CEO to back U.S. Export-Import Bank support to Boeing: WSJ
(Reuters) - Delta Air Lines Inc's CEO is expected to support the U.S. Export-Import Bank's assistance for sales of Boeing Co's widebody jets, softening his stance at a time when critics are mounting pressure to wind down the agency, the Wall Street Journal reported.
E-cigarettes could stub out tobacco bonds sooner than thought
NEW YORK (Reuters) - The rapid growth of electronic cigarette sales poses a rising but under-appreciated risk to holders of as much as $96 billion of bonds tied to payments tobacco companies make to U.S. states from a sweeping legal settlement in 1998.
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